VANCOO
ActiveSummary
VANCOO has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€71,563) and a net result of -€13,323. Equity is shrinking by ~11% per year across the filed fiscal years. Its solvency ranks better than 5% of 1222 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability56▲+22
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.47 against 0.49 in 2024; short-term debt: 154.7% and cash: 51.7% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Services to buildings and landscape activities (NACE 81)
about 79% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-54.7%
Return on assets
-10.2%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€71,563
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
30 d late
2024
30 d late
2023
29 d late
2022
29 d late
2021
27 d late
2020
26 d late
2019
118 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 41 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 43% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
-€71,563▼ 22.9%
2024 · -€58,241
Total assets
€130,917▼ 0.5%
2024 · €131,521
Net result
-€13,323▲ 17.6%
2024 · -€16,169
Working capital
-€106,858▼ 11.0%
2024 · -€96,310
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€998▼ 95.0%-€6,907-€11,668▼ 68.9%-€15,310▼ 31.2%-€12,822▲ 16.3%
Net result€701▼ 96.5%-€8,077-€11,716▼ 45.0%-€16,169▼ 38.0%-€13,323▲ 17.6%
Equity-€22,279▲ 3.0%-€30,357▼ 36.3%-€42,072▼ 38.6%-€58,241▼ 38.4%-€71,563▼ 22.9%
Total assets€143,979▲ 0.5%€140,685▼ 2.3%€139,564▼ 0.8%€131,521▼ 5.8%€130,917▼ 0.5%
Debt€166,258=€171,041▲ 2.9%€181,636▲ 6.2%€189,762▲ 4.5%€202,481▲ 6.7%
Working capital-€40,261▲ 22.3%-€79,538▼ 97.6%-€95,800▼ 20.4%-€96,310▼ 0.5%-€106,858▼ 11.0%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €12,822 in 2025 against €15,310 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €130,917
Fixed assets
€35,295 ▼ 7.3%
Current assets
€95,623 ▲ 2.3%
Key figures and ratios
EBITDA
€5,188▲
2024 · €350
Cash flow
€4,687▲
2024 · -€509
Solvency
-54.7%▼
2024 · -44.3%
Current ratio
0.47▼
2024 · 0.49
Debt to equity
-2.83▲
2024 · -3.26
ROA
-10.2%▲
2024 · -12.3%
Interest coverage
60.75▲
2024 · 3.63
Debt ≤ 1 year
€202,481▲
2024 · €189,762
Income taxes
€433▼
2024 · €780
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,640 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
4.1%
went bankrupt
9.9%
stopped otherwise
84%
still going
A further 2.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,640 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,948 | €22,339 | €16,247 | €15,659 | €18,010 | ▲ 15.0% |
| Other operating charges640/8 | €1,320 | €1,037 | €1,689 | €4,133 | €1,403 | ▼ 66.0% |
| Gross operating margin9900 | €16,267 | €16,469 | €6,268 | €4,483 | €6,591 | ▲ 47.0% |
| Operating profit (loss)9901 | €998 | -€6,907 | -€11,668 | -€15,310 | -€12,822 | ▲ 16.3% |
| Financial income75/76B | €1 | - | €4 | €17 | €18 | ▲ 1.6% |
| Recurring financial income75 | €1 | - | €4 | €17 | €18 | ▲ 1.6% |
| Financial charges65/66B | €37 | €73 | €52 | €96 | €85 | ▼ 11.3% |
| Recurring financial charges65 | €37 | €73 | €52 | €96 | €85 | ▼ 11.3% |
| Profit (loss) for the period before taxes9903 | €962 | -€6,981 | -€11,716 | -€15,389 | -€12,890 | ▲ 16.2% |
| Income taxes67/77 | €261 | €1,097 | - | €780 | €433 | ▼ 44.5% |
| Profit (loss) for the period9904 | €701 | -€8,077 | -€11,716 | -€16,169 | -€13,323 | ▲ 17.6% |
| Profit (loss) for the period to be appropriated9905 | €701 | -€8,077 | -€11,716 | -€16,169 | -€13,323 | ▲ 17.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €143,979 | €140,685 | €139,564 | €131,521 | €130,917 | ▼ 0.5% |
| Fixed assets21/28 | €17,981 | €49,181 | €53,728 | €38,069 | €35,295 | ▼ 7.3% |
| Tangible fixed assets22/27 | €17,981 | €49,181 | €53,728 | €38,069 | €35,295 | ▼ 7.3% |
| Plant, machinery and equipment23 | €8,470 | €48,826 | €37,661 | €25,698 | €26,549 | ▲ 3.3% |
| Furniture and vehicles24 | €9,511 | €355 | €16,067 | €12,371 | €8,745 | ▼ 29.3% |
| Current assets29/58 | €125,998 | €91,504 | €85,835 | €93,453 | €95,623 | ▲ 2.3% |
| Amounts receivable within one year40/41 | €49,084 | €80,240 | €45,379 | €30,646 | €27,949 | ▼ 8.8% |
| Trade receivables40 | €49,084 | €67,361 | €44,032 | €28,775 | €24,135 | ▼ 16.1% |
| Other amounts receivable41 | - | €12,879 | €1,347 | €1,871 | €3,814 | ▲ 104% |
| Cash at bank and in hand54/58 | €76,914 | €11,264 | €40,457 | €62,806 | €67,673 | ▲ 7.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €143,979 | €140,685 | €139,564 | €131,521 | €130,917 | ▼ 0.5% |
| Equity10/15 | -€22,279 | -€30,357 | -€42,072 | -€58,241 | -€71,563 | ▼ 22.9% |
| Contributions10/11 | €23,140 | €23,140 | €23,140 | €23,140 | €23,140 | = |
| Capital10 | €23,140 | €23,140 | €23,140 | €23,140 | €23,140 | = |
| Issued capital100 | €23,140 | €23,140 | €23,140 | €23,140 | €23,140 | = |
| Reserves13 | €476 | €476 | €476 | €476 | €476 | = |
| Non-distributable reserves130/1 | €476 | €476 | €476 | €476 | €476 | = |
| Legal reserve130 | €476 | €476 | €476 | €476 | €476 | = |
| Profit (loss) carried forward14 | -€45,895 | -€53,972 | -€65,688 | -€81,857 | -€95,179 | ▼ 16.3% |
| Amounts payable17/49 | €166,258 | €171,041 | €181,636 | €189,762 | €202,481 | ▲ 6.7% |
| Amounts payable within one year42/48 | €166,258 | €171,041 | €181,636 | €189,762 | €202,481 | ▲ 6.7% |
| Trade debts44 | €3,403 | €4,127 | €2,794 | €2,274 | €3,715 | ▲ 63.4% |
| Suppliers440/4 | €3,403 | €4,127 | €2,794 | €2,274 | €3,715 | ▲ 63.4% |
| Taxes, remuneration and social security45 | €293 | - | - | - | - | - |
| Taxes450/3 | €293 | - | - | - | - | - |
| Other amounts payable47/48 | €162,562 | €166,915 | €178,842 | €187,488 | €198,765 | ▲ 6.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €701 | -€8,077 | -€11,716 | -€16,169 | -€13,323 | ▲ 17.6% |
| + Depreciation and write-downs630 | €13,948 | €22,339 | €16,247 | €15,659 | €18,010 | ▲ 15.0% |
| Operating cash flow (approximation) | €14,649 | €14,262 | €4,532 | -€509 | €4,687 | ▲ 1,020% |
| Investment in fixed assets (approximation) | - | -€53,539 | -€20,794 | €0 | -€15,236 | - |
| Change in cash | - | -€65,651 | €29,193 | €22,350 | €4,867 | ▼ 78.2% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 30 days late
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
31-12
Financial
Weakest financial yearnet -€16,169
Net result drops to -€16,169, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
27-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 27 days late
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
31-12
Financial
Back to profitnet €19,750
Net result €19,750 after one loss-making year.
26-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 118 days late
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 26 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 29 days late
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Haacht · 1 establishment unit since 2006
Ground area
2,758 m²
Building footprint
331 m²
Volume, LiDAR
1,457 m³
Parcel 24033E0006/00M000, Flanders · tallest building 7.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
VANCOO
since 20062.153.327.051
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24033E0006/00M000 | Flanders | 2,758 m² | 1 · 331 m² | 7.1 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 21,225 companies in sector 81300 we hold annual accounts for 4,366. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded27-12-2005
Fiscal year end31-12
Activities, NACEBEL 2025
81300Landscape service activities
42110Construction of roads and motorways
E-invoicing
Reachable via Peppol
Peppol ID
0208:0878621248
Also
9925:BE0878621248
Registered
29-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.